How it is calculated
Steps: profit → 25% corporate tax → 15% withholding on the distributed part. If an individual's gross dividend exceeds TRY 22,000, half is taxable on the annual return and the withholding is credited.
Legal basis: Income Tax Law arts. 22/2, 75, 86, 94/6-b; Corporate Tax Law arts. 5, 15, 30.